Topic: if bitcoin becomes the country's currency (Read 1214 times)
if bitcoin is the main currency in some countries I think it is very unlikely because if you see bitcoin has a very limited total supply that makes bitcoin very unsuitable to be the main currency in a country.
With the growth it attained within the short term, it is expected to get termed to be the world currency. Later people realized that it need to travel long and get spread in a large scale, because considering the fiat usage bitcoin is very small in percentage. This needs to change when people start to understand the goodness of digital growth.
To be the currency of a country is impossible because the government will not let that happen, but to become a global currency it may happen, when many people in various countries around the world start using bitcoin, of course many parties will receive payment with bitcoin, and bitcoin can be used anywhere to shop 
It is impossible. Bitcoin can not be the currency of a country. Because each country already has its own currency. So my opinion here is bitcoin will remain a digital currency and used but not eliminate or replace the currency of a country. So that's not possible even though bitcoin has been highly developed and popular.
It's not possible. I think ordinary people will not be easy to use. But nothing can happen ... Business firms can be created in all countries to make purchases in the future through Bitcoin.
it will not be possible bitcoin to be the currency of the country. Because of its international nature, bitcoin is only used as a means of transaction only, as in japan and also in other countries.
I think bitcoin can only be digital currency is not the money to the country because of the value of bitcoin still blm stable.
But we can’t take account in the future, because it could just it all happened
But we can’t take account in the future, because it could just it all happened
indeed the problem in many countries until now is the issue of the legality of this virtual currency. and to be a currency in a country I think it is impossible for now because the value of this virtual currency is always changing every time.
If bitcoin will be the currency of a country, I believe that it is impossible. It is not possible as the new currency will shift the national currency that a country has been using for years. It is impossible. I just argue that the national currency and bitcoin will complement each other without any one dominating. If I am asked that bitcoin can boost the economy . Then the answer is it can. With the existence of bitcoin then payment can be free, easy, and fast. The trading market was open to anyone. For example, if a country has good products that will be easily bought by people who are in cross-country. This will be very profitable. So the existence of this crypto currency will improve the economy.
The popularity of bitcoin has now grown so rapidly that almost everyone in different countries recognizes and utilizes bitcoin either as a business asset or as a means of payment transactions.
And as we know so far the bitcoin legality is still a consideration for governments in various countries.
Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?
It could happen. For now it is still difficult because only developed countries can be relied upon while large small countries are likely to want to grow like the superpowers. The country wants a more sophisticated technological advancement in order for its people to prosper. Therefore it takes a long time for bitcoin to be the currency of all countries. And as we know so far the bitcoin legality is still a consideration for governments in various countries.
Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?
For bitcoin to be the country's currency is an advantage to those who know how it works but it would be difficult for those who cannot even afford to understand how it works.
Nothing is impossible ??
maybe one day the government can make bitcoin as part of their currency ..
It could be if the government can manage bitcoin properly and correctly.
maybe one day the government can make bitcoin as part of their currency ..
It could be if the government can manage bitcoin properly and correctly.
With the growth it attained within the short term, it is expected to get termed to be the world currency. Later people realized that it need to travel long and get spread in a large scale, because considering the fiat usage bitcoin is very small in percentage. This needs to change when people start to understand the goodness of digital growth.
I think Bitcoin will not be the world's currency. Because there are too many security breaches and a lack of price stability. The common currency never has a price fluctuation. It only increases the value or decreases over time.
Bitcoin can be used by a currency apart from their own currency which is great already and can prove a lot of potential. But replacing the country's currency is too far-fetched. A country's currency is currency that they can control and shows the collective economy of the nation. Bitcoin in the other hand is digital/crypto currency which is international and decentralized which cannot really show the economy of a country. Bitcoin can still be a part of the country but it cannot replace the country's currency.
That is unlikely, because the average of a country has government and government on average do not like bitcoin. Because bitcoin can not be set, bitcoin is more a worthy asset to invest than to be the country's currency.
If bitcoin becomes the country's currency, it is definitely bitcoin will be the best coin because it has become the country's currency, but that is unlikely because the government does not like bitcoin.
The country's currency can be rested on the shoulders of the blockchain technology and bitcoin in precision as it has enough room to accommodate it and also has the ledger function for record keeping purposes and also for transparency which i know is one of the facts that makes it reliable.
There is no such thing as forever this will not last longer. I think one day this bitcoins will stop growing or its value become lessen.
The popularity of bitcoin has now grown so rapidly that almost everyone in different countries recognizes and utilizes bitcoin either as a business asset or as a means of payment transactions.
And as we know so far the bitcoin legality is still a consideration for governments in various countries.
Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?
And as we know so far the bitcoin legality is still a consideration for governments in various countries.
Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?
Even though bitcoin have gone so popular still it is not enough to say bitcoin could be the national currency it will remain as a digital currency it will never overthrow the fiat because of its decentralization.
no it cannot become a currency of a country. bitcoin cannot be used without electricity and not all part of the country have electricity especially the poor. bitcoin is good but it has also its disadvantages. but it will be good if it coexist with fiat.
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